Mesirow Financial Investment Management Inc. Sells 5,973 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

Mesirow Financial Investment Management Inc. lessened its position in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 246,817 shares of the company’s stock after selling 5,973 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $20,523,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Cerity Partners OCIO LLC bought a new position in shares of iShares 1-3 Year Treasury Bond ETF during the 2nd quarter valued at $129,075,000. SG Americas Securities LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 1,533.3% during the second quarter. SG Americas Securities LLC now owns 522,140 shares of the company’s stock valued at $42,633,000 after buying an additional 490,171 shares during the last quarter. LPL Financial LLC grew its stake in shares of iShares 1-3 Year Treasury Bond ETF by 8.4% during the second quarter. LPL Financial LLC now owns 5,465,454 shares of the company’s stock valued at $446,254,000 after buying an additional 422,978 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of iShares 1-3 Year Treasury Bond ETF by 8.7% in the first quarter. Captrust Financial Advisors now owns 4,731,832 shares of the company’s stock worth $386,969,000 after buying an additional 379,718 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of iShares 1-3 Year Treasury Bond ETF by 75.5% in the 2nd quarter. Renaissance Technologies LLC now owns 847,878 shares of the company’s stock valued at $69,229,000 after acquiring an additional 364,878 shares during the last quarter. Hedge funds and other institutional investors own 23.62% of the company’s stock.

iShares 1-3 Year Treasury Bond ETF Price Performance

SHY opened at $82.07 on Friday. The stock’s 50 day simple moving average is $82.69 and its 200 day simple moving average is $82.11. The firm has a market cap of $22.17 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01. iShares 1-3 Year Treasury Bond ETF has a 1 year low of $80.91 and a 1 year high of $83.30.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.2831 dividend. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous monthly dividend of $0.27. The ex-dividend date was Friday, November 1st. This represents a $3.40 annualized dividend and a dividend yield of 4.14%.

About iShares 1-3 Year Treasury Bond ETF

The iShares 1-3 Year Treasury Bond ETF (SHY) is an exchange-traded fund that is based on the U.S. Treasury 1-3 Year index. The fund tracks a market weighted index of debt issued by the US Treasury with 1-3 years remaining to maturity. Treasury STRIPS are excluded. SHY was launched on Jul 22, 2002 and is managed by BlackRock.